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On February 1, 2024, Park Co. decides to invest excess cash of $17,200 by purchasing a Hunt, Inc. bond at face value. At year-end,
On February 1, 2024, Park Co. decides to invest excess cash of $17,200 by purchasing a Hunt, Inc. bond at face value. At year-end, December 31, 2024, the fair value of the Hunt bond was $20,100. The investment is categorized as a trading debt investment. Read the requirements. Purchased investment in bonds. Journalize the adjustment, if required, at year-end, December 31, 2024. Hunt's market price was $20,100 per share. Date Dec. 31 Accounts and Explanation Debit Credit
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
